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Newark, NJ-based Public Service Enterprise Group Inc. (PEG - Free Report) or PSEG is a diversified utility holding company. Its operations are mostly located in the Northeastern and Mid-Atlantic parts of the U.S.

Public Service Enterprise has a solid portfolio of regulated and non-regulated utility assets that offer a stable earnings and significant long-term growth potential.

The company has invested substantially to improve the reliability and efficiency of transmission and distribution systems. Public Service Enterprise Group is now working to add renewable generation in its portfolio to lower carbon emission.

Estimate Trend & Surprise History

Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 56 cents per share has remained stable over the last 7 days.

Coming to the earnings surprise, Public Service Enterprise has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 4.94%.

Key Stats: During the reported quarter, Electric sales volume rose 1.5% year over year to 9,542 million kilowatt-hours, while Gas sales volume decreased 9.2% to 950 million therms.

Guidance: The company provided its 2018 earnings guidance in the range of $3.00 –$3.20 per share.

Stock Price: It would be interesting to see how the market reacts to the fourth quarter earnings beat during the trading session today.

Check back later for our full write up on this PEG earnings report later!

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